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Vodafone Idea transfers fiber infrastructure undertaking to Vodafone Towers

17 Oct 2019 Evaluate

Vodafone Idea has completed the demerger of its fibre infrastructure by transferring the assets to its wholly owned subsidiary, Vodafone Towers (VTL). This paves the way for the company to monetize its optic fibre assets, which was pegged at $430-450 million.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

Peers
Company Name CMP
Bharti Airtel 1974.00
Jio Platforms 1423.05
Vodafone Idea 12.11
Indus Towers 382.50
Tata Communications 1713.15
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